Finance

Ratings

Fitch changes outlook on Hungary’s LTFC rating to stable

Fitch Ratings has on Monday changed the outlook on Hungary’s BBB+ LTFC rating to stable from a long standing negative...

Ratings

Fitch changes outlook on Hungary’s LTFC rating to stable

Fitch Ratings has on Monday changed the outlook on Hungary’s BBB+ LTFC rating to stable from a long standing negative...

Ratings

Outlook on Romania revised to negative – S&P

Standard & Poor’s Rating Services said it revised its outlook on the Republic of Romania to negative from stable. At...

Ratings

Outlook on Romania revised to negative – S&P

Standard & Poor’s Rating Services said it revised its outlook on the Republic of Romania to negative from stable. At...

Banking

Gyurcsány is Hungary’s master teller of bitter truth

Ferenc Gyurcsány laughed into his tie as he predicted that his infamous speech to members of the Hungarian Parliament in...

Banking

Gyurcsány is Hungary’s master teller of bitter truth

Ferenc Gyurcsány laughed into his tie as he predicted that his infamous speech to members of the Hungarian Parliament in...

MNB

Russian Stabilization Fund rises 3.7% in October to $148 bln

Russia’s Stabilization Fund grew 3.7% to 3.6 trillion rubles ($148 billion) from October 1 to November 1, the Finance Ministry...

MNB

Russian Stabilization Fund rises 3.7% in October to $148 bln

Russia’s Stabilization Fund grew 3.7% to 3.6 trillion rubles ($148 billion) from October 1 to November 1, the Finance Ministry...

MNB

Fed cuts interest rates a quarter-point

The Federal Reserve Wednesday cut interest rates for the second time in six weeks, moving to boost growth even after...

MNB

Fed cuts interest rates a quarter-point

The Federal Reserve Wednesday cut interest rates for the second time in six weeks, moving to boost growth even after...

MNB

Focus on the China gold industry

In 2006, the sharp rise of gold price largely held down the consumption, especially the gold jewelry. According to the...

MNB

Focus on the China gold industry

In 2006, the sharp rise of gold price largely held down the consumption, especially the gold jewelry. According to the...

Banking

Tax modifications: minority report

National Interest Conciliation Council (OÉT) attacked the government’s plan to merge the so-called small taxes....

Banking

Tax modifications: minority report

National Interest Conciliation Council (OÉT) attacked the government’s plan to merge the so-called small taxes....

Banking

FDI exceeds $40 bln in Russia in Jan-Sep

Foreign direct investment in Russia exceeded $40 billion in the first nine months of 2007, presidential aide Igor Shuvalov said...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...